Access Bank, Zenith Bank & GT Bank contributes N12bn out of N29bn turnover of the week

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Management of The Nigerian Stock Exchange (The NSE) over the weekend released traded data from (5working days) Monday through to Friday August 7-11, 2017 on the floor which shown Access Bank Plc, Zenith International Bank Plc and Guaranty Trust Bank Plc came top three among other equities that traded on The NSE by volume which accounted for 500.113 million shares worth N11.910 billion in 3,870 deals, representing 32.95% and 41.26% to the total equity turnover volume and value respectively.

The three banks contributions has reflected on the overall financial services sector performances which measured by volume with 1.178 billion shares valued at N14.445 billion traded in 11,520 deals, thus contributing 77.63% and 50.04% to the total equity turnover volume and value respectively.

The chart further showed Consumer Goods Industry recorded 183.850 million shares worth N12.508 billion in 5,807 deals. While the Conglomerates Industry recorded a turnover of 53.758 million shares worth N126.669 million in 819 deals.

The overall traded data for the week under review sum to a total turnover of 1.518 billion shares worth N28.868 billion in 23,053 deals by investors in contrast to a total of 2.518 billion shares valued at N114.117 billion that exchanged hands last week in 23,546 deals.

 

Also traded during the week were a total of 2,461 units of Exchange Traded Products (ETPs) valued at N296,837.94 executed in 9 deals compared with a total of 1.166 million units valued at N16.169 million transacted last week in 17deals

The NSE All-Share Index appreciated by 2.07% to close the week at 38,198.60 and Market Capitalization stood at N13.166 trillion respectively.

 

Similarly, all other Indices finished higher during the week with the exception of the NSE Premium, NSE Banking, NSE Insurance and the NSE Oil/Gas Index that depreciated by 1.64%, 0.94%, 3.02% and 2.78% respectively while the NSE ASeM Index closed flat.

The total of active equities during the week are thirty-two (32) equities which appreciated in price, lower than thirty-eight (38) equities of the previous week. While thirty-seven (37) equities were depreciated in price, higher than twenty-eight (28) equities of the previous week, leaving one hundred and two (102) equities remained unchanged lower than one hundred and five (105) equities recorded in the preceding week.

In analysis the market for the week showed a mixed reaction like 102 equities unchanged in price compare with 105 equities price were unchanged last week while 32 equities appreciated to 38 last week which is declined.  


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